Vicor Q4 net income rises to $46.5 million, $1.01 a share, on $27.3 million tax benefit
Vicor reported fourth-quarter 2025 net income of $46.5 million, or $1.01 per diluted share, up from $10.2 million, or $0.23, a year earlier. The result included a $27.3 million tax benefit from the partial recognition of deferred tax assets. Product revenue rose 15.3% to $92.7 million, while royalty revenue fell 7.8% to $14.5 million.
Key points
- Q4 product revenue was $92.7 million, up 15.3% from $80.4 million a year earlier.
- Q4 royalty revenue was $14.5 million, down 7.8% year over year and down sequentially after a catch-up amount in Q3.
- Full-year 2025 net income was $118.6 million, or $2.61 per diluted share, including a $24.0 million tax benefit.
- Cash and cash equivalents were $402.8 million at December 31, 2025; Q4 backlog was $176.9 million.
The filing
Written by AI on Nov 8, 2026, 12:57 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on February 19, 2026.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.